Corporate Governance: Principles, Policies and Practices, 3e

12

Role of Government in Corporate Governance

Chapter Outline

• Introduction
• Different Roles of Government in Economy
• State Intervention in a Developing Economy
• Public Governance and Corporate Governance Government
• Regulatory Framework
• Rule-based vs Principle-based Regulations
• Self vs Government Regulation
• Regulatory Enforcement
• Political Governance Requires Restraints of Power
• Public vs Corporate Governance— A Study of Comparison

Introduction

Taking the cue from the classical economists, die-hard admirers of capitalism often aver that ‘the government should get out of the way and let the market function’. Of course, that idea is a myth. Government is absolutely essential in setting up of a market economy. Without rules and structures of a binding ...